smartTrade launches LFX-NG to support FX Spot, Forward, NDFs, Options, Crypto, Payments

Rick Steves

The fully integrated workflows cover spot, forward, NDF’s, Options, Cryptocurrencies, Payment Routing, all underpinned by AI predictive analytics. 

smartTrade Technologies has announced the launch of a combined LiquidityFX next-generation (LFX-NG) platform following the acquisition and integration of Toronto-based TickTrade Systems.

Operating under the smartTrade name, the combined company delivers industry-leading FX trading technologies to a global client base across Europe, North America, and Asia.

During the four months after the acquisition of TickTrade Systems, the firm’s more than 280 FX experts across the globe have pooled their collective knowledge to re-invent electronic trading to meet today’s new market structure challenges, said the announcement.

LFX-NG combines smartTrade and TickTrade Systems’ capabilities

Combining the best of both pre-existing solutions, the new LFX-NG solution relies on a scalable ultra-low latency cloud platform to offer a wide range of modules from AI-driven analytics to cryptocurrencies trading through advanced workflows for all client segments.

The trading and post-trade workflows are customizable whether for a large institutional buy-side, a Fortune 500 corporate, a regional corporate, SME, or a retail consumer.

David Vincent, CEO of smartTrade, said: “I am very proud of what we have achieved in such a short time. Our relentless passion to serve our customers and wider industry participants has allowed us to deliver an extremely compelling next generation platform. LFX-NG brings leading innovation and technologies together, each complementing the other, creating a unique breadth and depth of electronic capabilities for all types of financial institutions.”

The fully integrated workflows cover spot, forward, NDF’s, Options, Cryptocurrencies, Payment Routing, all underpinned by AI predictive analytics. The LFX-NG solution can be deployed as a full stack or individual modules meaning it’s never been easier to integrate. LFX-NG allows for tailored pricing and trading strategies to be developed and rolled out in a matter of months.

It was in late November 2021 that smartTrade announced the acquisition of multi-asset electronic trading solutions provider TickTrade Systems.

Both companies provide liquidity management solutions and FX trading systems that enable financial institutions to develop and run high-performance trading platforms throughout the world. The business will serve a truly global client base across North America, Europe and Asia.

Combining both smartTrade and TickTrade into a single entity is expected to provide a “compelling strategic fit” for customers as the highly complementary SaaS, electronic FX trading products can deliver the best of both industry-leading FX trading technologies.

Clients will gain access to the best of both worlds: smartTrade’s connectivity, aggregation, and risk management technology and TickTrade’s analytics, payments, and advanced distribution technology.

Chief executive David Vincent will lead the combined organization as its CEO, while TickTrade co-founders, Baha Ohcebol and Alexander Culiniac, have maintained senior management roles within the combined business, while also remaining significant investors in the group.

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